Sino-U.S. Archives - The Industry Spread

US-China Trade Talks Improve Risk Appetite

President Trump tweeted overnight that “talks with China are going very well” while the meetings were extended for a third day in Beijing, gave Asian stocks a boost to three week high. This combined with no surprises in President Trump’s Oval Office address earlier in the day seemed to help push equities higher in the Asian session.

Euro Rally Stops at 1.1484

Asian stock indices ended the day mixed with Japan’s Nikkei up 1%, Hong Kong’s Hang Seng Index was up 0.2%, and the Shanghai Composite was down about 0.2%. The ASX 200 index finished the session 39 points or 0.7% higher to 5722.4 after initially starting the day in the red. The index has also managed to finish at its best levels in more than five weeks.

FX And Equity Markets Trade Mixed on Cues from Wall Street and Europe

Global market today is experiencing difficult shades of investor sentiment and market performance in the equity and forex market scape. The trading session began for the day with increased risk appetite in the market on cues from Wall Street which saw bullish price action in equities following positive US NFP data, and Fed Chair Jermoe Powell’s comments which hinted at the possibility of a pause in the Fed’s 2019 rate hike plans significantly boosting investors risk appetite.

US Dollar Weaker Across the Board Following Sino-U.S. Trade Truce

US Dollar is underbid significantly as risk appetite increased in equity and forex markets following headlines that indicated China & U.S. were able to come to an understanding during the sideline talks in G20 summit which resulted in both parties agreeing to temporary ceasefire for next 90 days while they begin negotiations a new and come to a deal.

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